Bank of Chengdu removes price cap on share purchase plan

Bank of Chengdu announced its controlling shareholder is removing the price ceiling from its share increase plan after the stock price exceeded the original upper limit of 17.59 yuan per share.

The Chengdu State-owned Assets Supervision and Administration Commission will now buy shares based on market fluctuations, targeting investment of at least 70m yuan and up to 140m yuan over 12 months instead of the original six-month timeframe.